Friday 21:05 GMT. Optimism about the outlook for the US economy continued to provide support for global equities, driving the S&P 500 index in New York and the Xetra Dax in Frankfurt to fresh record highs.

Interest rates in China’s money markets stabilised on Thursday but concerns remain over high levels of debt in the economy at a time when growth is slowing and the central government is predicting a third consecutive year of slowdown.

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